AON (NYSE:AON) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

AON (NYSE:AON) had its price objective raised by equities research analysts at BMO Capital Markets from $325.00 to $380.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 3.06% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Morgan Stanley decreased their target price on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Finally, Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, AON currently has an average rating of “Hold” and an average target price of $359.19.

AON Trading Up 0.8 %

NYSE AON opened at $368.70 on Monday. AON has a one year low of $268.06 and a one year high of $389.21. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The business has a 50 day simple moving average of $353.27 and a 200 day simple moving average of $319.66. The stock has a market capitalization of $79.74 billion, a P/E ratio of 31.11, a P/E/G ratio of 2.29 and a beta of 0.91.

Hedge Funds Weigh In On AON

Institutional investors have recently modified their holdings of the business. Diversify Advisory Services LLC purchased a new stake in shares of AON during the 1st quarter valued at $222,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in AON by 5.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,358 shares of the financial services provider’s stock valued at $10,296,000 after acquiring an additional 1,770 shares during the last quarter. Choreo LLC bought a new position in shares of AON during the 1st quarter valued at approximately $216,000. Nordea Investment Management AB raised its holdings in shares of AON by 3.1% in the 1st quarter. Nordea Investment Management AB now owns 14,718 shares of the financial services provider’s stock worth $4,924,000 after purchasing an additional 442 shares during the period. Finally, Financial Counselors Inc. bought a new position in AON during the first quarter valued at $242,000. 86.14% of the stock is owned by institutional investors.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.